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Agriculture loan
Agriculture loans are tailored to acquire capital for various purposes such as expansion, inventory purchase, equipment acquisition, hiring staff, or to manage day-to-day operational expenses. The terms and conditions of these loans vary depending borrower's creditworthiness, collateral, repayment tenure and other factors.
LT0000566
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 79.00 ha | 29.00 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The farm, located in the town of Alsėdžiai, currently has about 90 dairy and beef cattle. The owner of the project has recently taken over the management of the farm from his parents and has already managed to improve it considerably during the last three years. The farm has recently added a new barn and a significant increase in the herd is expected next month. In view of the increase in milk selling prices, the farmers plan to steadily reduce the proportion of beef cattle and to move more and more towards dairy farming, expanding the herd to 200 milking cows.
In addition to the other machinery necessary to maintain the farm, the farmer owns two small tractors and is now borrowing € 37 268 from the HeavyFinance community to buy a more efficient tractor to increase the efficiency of the farm. The loan will be secured by a pledge on the purchased tractor.
Declared land area: 79 ha, of which 29 ha are owned.
Annual interest
- Investing from €100 - interest 11,6%
- Investing from €500 - interest 12,3%
- Investing from €1 000 - interest 12,6%
- Investing from €2 000 - interest 13,1%
- Investing from €5 000 - interest 13,3%
- Investing from €10 000 - interest 13,7%
Project risks
For this project, there is a risk of losing all the profits made and the funds invested.
In this case, if the Project Owner fails to fulfill its obligations, the Platform Operator will take all necessary measures to protect the interests of investors and use the provided collateral, but the Platform Operator does not guarantee the full fulfillment of the Project Owner's obligations.
Financial agreements are not subject to the insurance protection established by the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.
Additional information:
If the project owner does not collect the amounts to be financed, the collected funds will be returned to the funders by transferring them to the account from which they were transferred. The Platform Operator also has the right to offer the Project Owner to reduce the amount to be financed during the Project financing term or to extend the Project financing term. In this case, if the amount to be financed is reduced or the term of financing the Project is extended, it shall in all cases be announced on the Platform and the Fund's financiers shall be informed.